I want to add one point, which I tried to make in an intervention. I am not easily put off.
Clause 2(6) states:""A duty imposed by an order under this section must be consistent with the key principles as applied by the code for fiscal stability.""
It is impossible for the objective that the hon. Member for Dundee, East (Stewart Hosie) wisely advocated—that there should be a proper report—to be achieved in line with those principles unless, under the code for fiscal stability, there is a definition of net debt. We have been over all that so we do not need to go into it again, but the internal contradictions and the combustible apparatus that the Government have created will blow up in their face. However, we need not go any further down that route for the time being, as there are other matters to be discussed.
Fiscal Responsibility Bill
Proceeding contribution from
William Cash
(Conservative)
in the House of Commons on Wednesday, 20 January 2010.
It occurred during Debate on bills
and
Committee of the Whole House (HC) on Fiscal Responsibility Bill.
Type
Proceeding contribution
Reference
504 c369 
Session
2009-10
Chamber / Committee
House of Commons chamber
Subjects
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Timestamp
2023-12-11 10:03:12 +0000
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